Today, we are going to review Tega Industries IPO. The corporation has already announced to release its shares for sales through an Initial Public Offering. So, here we are going to provide all the necessary details about company shares offering plans. According to the sources, Tega industries is going to raise ₹619 crores capital in which they will be offering for sales up to 13,669,478 equity shares with the face value of ₹10 per share.
They will give the benefit of retailer investors with 35% quota, QIB 50% with HNI 15%. If you want to know details of Lot size, price and more then you have to stay with us till the end.
Tega Industries IPO Review & Company Details
Let’s have a look at the company background. Tega Industries Limited is a prime manufacturer of and reusable consumable products for the global minerals beneficiation, mining, and bulk solids handling industry. At present we are counted on the world’s 2nd largest producers of polymer-based mill liners.
Their portfolio has contained more than 55 minerals processing and materials handling products. There is a total of six manufacturing units of which 3 units in India and 3 units globally in Chile, South Africa, and Australia. They have a great perspective and strong impact in all over 70 countries.
Tega Industries IPO Important Details, Dates, Price, & Market Lot
| IPO Opening Date | Dec 1, 2021 |
| IPO Closing Date | Dec 3, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹443 to ₹453 per equity share |
| Market Lot | 33 Shares |
| Min Order Quantity | 33 Shares |
| Listing At | BSE, NSE |
| Issue Size | 13,669,478 Eq Shares of ₹10 (aggregating up to ₹619.23 Cr) |
| Offer for Sale | 13,669,478 Eq Shares of ₹10 (aggregating up to ₹619.23 Cr) |
| QIB Shares Offered | 50% |
| Retail Shares Offered | 35% |
| NII (HNI) Shares Offered | 15% |
Tega Industries IPO Tentative Timetable, Allotment & Listing
The Tega Industries IPO open date is Dec 1, 2021, and the close date is Dec 3, 2021. The issue may list on Dec 13, 2021.
| IPO Open Date | Dec 1, 2021 |
| IPO Close Date | Dec 3, 2021 |
| Basis of Allotment Date | Dec 8, 2021 |
| Initiation of Refunds | Dec 9, 2021 |
| A credit of Shares to Demat Account | Dec 10, 2021 |
| IPO Listing Date | Dec 13, 2021 |
Tega Industries IPO Lot Size, IPO Form, GMP, & More
The Tega Industries IPO market lot size is 33 shares. A retail-individual investor can apply for up to 13 lots (429 shares or ₹194,337).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 33 | ₹14,949 |
| Maximum | 13 | 429 | ₹194,337 |
We hope that we have given you all the necessary detail so that in the future when the company will offer its shares for sales then you will have a company structure manual on that basis you will properly judge that whether it is beneficial to invest or not.
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